The main indices are approaching a technical turning point. Just waiting for a trigger.
My prediction: when the Euro plummets, there will be a flight to the dollar. This in turn will crush the carry trade bringing a much-needed crash.
In the long term the dollar is toast, but in the short term it will be a tyrant.
“Bank stocks led a broader selloff Friday morning as investors dumped shares of JPMorgan Chase and Intel despite better-than-expected earnings reports from both companies.”
Any more bright ideas, Kenyan boy?
So what prices are those broads going for??
Still think this rally can reach 11,000 Dow. After that, I expect a real hard slump. Bammy doing his bank mau-mau thingy this week was absolutely stupid - but then what do you expect from a mau-mau? The real unsettling news is that annualized unemployment thought to be at 5.9 Mil was revised up to 6.3 Mil and December retail sales were revised down from a net gain to a net loss, year over year. No green shoots for you - soup CZAR NAZI. Man, I am getting tired of the obamugabe show - can we change the channel yet???